Clause & Effect: Excessive Cancellation Penalties

THE PENALTY BOX
Here's an example of what to watch out for in a typical cancellation clause.
Clause: “If the Group cancels this contract, the Group's liability for liquidated damages will be as follows:
Notice of Cancellation Received
Liquidated Damages
More than 180 days prior to arrival
40% of anticipated room revenue
90-179 days prior to arrival
50% of anticipated room ...

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